Every Bitcoin bull market is followed by a huge wave of scams. Scammers try every possible way to exploit the general public’s lack of understanding of what Bitcoin really is, taking advantage of both ignorance and greed. Bitcoin is too abstract for many people to grasp without knowledge of both economics and some technical understanding.
In every bull run, scammers come up with new and more creative schemes. In the past, we saw ICOs Initial Coin Offerings such as EOS, ETH, and many others. Then came the “blockchain has other uses beyond money” narrative, which was used to promote countless projects. This was followed by a flood of altcoins claiming to be faster and better than Bitcoin, and later the NFT hype, which lured in masses before collapsing.
One of the biggest Bitcoin YouTubers, Matthew Kratter from the channel Bitcoin University, recently made a video explaining that this current Bitcoin bull run biggest scam is Bitcoin treasury companies , here they can watch his video in which he explains why
https://www.youtube.com/watch?v=vr8hog1BHAYHow do scammers manage to convince people to invest in their projects?Do you think Bitcoin treasury companies are the biggest scam, or are altcoin scams worse, considering Bitcoin’s dominance is only about 60%?